HR5778Reported by Committee
Improving SBA Engagement on Employee Ownership Act
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-10-17
Introduced
5
Cosponsors
HR
ⓘType
Sponsor
LaMonica McIver
Democrat · NJ · Representative
Votes with party: 98.0% (605 recorded votes)
Full profile: /officials/M001229
Source: Congress.gov · FEC
Cosponsors (5)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Small BusinessReported By · 2025-12-17
Previously
- Small Business CommitteeReported By · 2025-12-17
- Small Business CommitteeMarkup By · 2025-11-18
- House Committee on Small BusinessMarkup By · 2025-11-18
- Small Business CommitteeReferred To · 2025-10-17
- House Committee on Small BusinessReferred To · 2025-10-17
Plain-English Summary
The Small Business Administration would be required to increase its efforts to promote and support employee ownership models, where workers have a stake in owning the companies they work for. This would involve the SBA providing more resources, training, and guidance to help small business owners transition to employee-owned structures and to help employees understand and participate in ownership opportunities. The goal is to make employee ownership more common and accessible as a business model for American workers and entrepreneurs.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Commerce
Full bill text is not yet cached locally.
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